Published on 3/8/2024 in the Prospect News Structured Products Daily.
New Issue: Citi prices $1.2 million callable contingent coupon equity linked notes on indexes, ETF
New York, March 8 – Citigroup Global Markets Holdings Inc. priced $1.2 million of callable contingent coupon equity linked securities due Feb. 27, 2025 linked to the Euro Stoxx 50 index, the S&P 500 index and the iShares China Large-Cap ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if the worst performing asset closes at or above its 65% coupon barrier on the related valuation date.
The securities may be called at par on any quarterly review date.
The payout at maturity will be par if the worst performing asset ends at or above its 65% final barrier. Otherwise, investors will lose 1% for every 1% that the worst performing asset declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
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| Guarantor: | Citigroup Inc.
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| Issue: | Callable contingent coupon equity linked securities
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| Underlying assets: | Euro Stoxx 50 index, S&P 500 index and iShares China Large-Cap ETF
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| Amount: | $1.2 million
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| Maturity: | Feb. 27, 2025
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| Coupon: | 9%, paid quarterly if the worst performing asset closes at or above its 65% coupon barrier on the related valuation date
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above final barrier, par; otherwise, 1% loss for every 1% that worst performing asset declines from initial level
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| Call option: | At par on any quarterly review date
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| Initial levels: | 4,872.57 for Euro Stoxx 50 index, 5,088.80 for S&P 500 index, $24.12 for iShares China Large-Cap ETF
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| Coupon barriers: | 3,167.171 for Euro Stoxx 50 index, 3,307.720 for S&P 500 index, $15.678 for iShares China Large-Cap ETF, 65% of initial levels
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| Final barriers: | 3,167.171 for Euro Stoxx 50 index, 3,307.720 for S&P 500 index, $15.678 for iShares China Large-Cap ETF, 65% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 1.25%
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| Cusip: | 17291LWX9
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